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How FireEye Continues to Lure Analysts

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Analysts’ recommendations

As of May 15, 30 analysts from different brokerage companies have provided ratings on FireEye (FEYE) stock. Of these analysts, 43% have given FEYE “buy” ratings, whereas almost 57% have given it “hold” ratings.

In the graph above, we can see the ratings provided for FireEye by analysts. More than half of analysts have given FEYE “hold” ratings. No analysts have given the stock “underweight” or “sell” ratings.

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Average target price

The average target price for FireEye provided by analysts came in at $19.33 on May 15. The company’s closing price was $17.61 on the same date. FireEye stock has generated a return of 16% in the last year, but it’s fallen 6.5% in the last month.

In the last week, the stock has fallen 3.4%, whereas peers Palo Alto Networks (PANW) and Fortinet (FTNT) have generated returns of -3.3% and -1.2%, respectively.

MACD

On May 15, FireEye had an MACD (moving average convergence divergence) of 0.02. On the day, Fortinet’s MACD was 1.03, and Palo Alto’s MACD was 3.79. A negative MACD reading indicates that a stock is in a downward trading trend, whereas a positive MACD reading suggests that a stock is in an upward trading trend.

Guidance

FireEye expects its total revenue in the second quarter to be in the range of $199 million–$203 million. Likewise, for the whole of 2018, the company expects its revenue to be in the range of $820 million–$830 million.

The company expects its billings in the second quarter to be in the range of $180 million–$185 million, whereas in 2018, it expects its billings to be in the range of $815 million–$835 million.

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